Member Info for SWLC

Inthedark1, the company dis not have other better option when subscribe for the warrants. If they has chosen placing with shareholders at 2p, how much they could raise? We will be less than 0.5p by now.

No more talk of warrants after this week, the 93m will be gone. More than 10m cash in the bank.

Probably the last lot warrant shares dumped onto the market.

There must be delayed sell orders, 98m shares in circulation from today and they will be cleared by tomorrow.

More likely it was a sale of warrant converted shares, I reckon the 116m lot have been sold out cometary after today.

Remaining to be converted by 25th of September. I suspect they will be done by end of this August. Plenty of upside from here.

It will be naive to believe you own any shares in MET1, Dilipp.

Dustyslay, if all remaining warrants converted, we will have 811m shares, times 5p, we will have £40.5m. His calculation is apparently wrong, only if the price increase to 6.78p and we will have £55m mcap.

BacchusII, how can it be £55 million with all the remaining warrants converted and the price stays at 5p?

177m warrants remaining after today's 116m conversation, so 293m x 5p = £14.7M then add the current £26m mcap, we have £40.7m.

Let me know how you work out £55m.

LTI, NovaCore would have assessed the risk before accept the settlement price, so the price will be increased to that level or more. Mental One should have assured NovaCore of that with some confirmation of positive news in the pipeline.

LTI, if you think the TANV is just 2p, so why NovaCore agrees settlement at 16.487p?

Accordingly, Metals One has subscribed for an aggregate additional 1,461,653 shares in NovaCore at a price of US$0.587 per share for an aggregate consideration of US$856,000. The consideration payable by Metals One will be settled through the issue of 3,873,959 new ordinary shares of £0.001 each ("Shares") in Metals One at a price of 16.487p per Share, being the volume-weighted average price of the Company's Shares in the 30 days prior to the exercise of the warrants (the "Consideration Shares").

Yes, I did go through the numbers yesterday, that was why I asked about the grant date warrant.

It means each investor can not convert more than 2.99% of current share in issue, the total number of conversion may consist of multiple investors.

Currently 293,050,000 remaining after next Monday, if they all are converted, it will generate £5.8m for the company. I don't think the warrant holders will rush to get rid of their warrant as they have until 25th September of 11th of October to convert, plenty of time. They will probably wait for some good news to lift the share price and then convert, make 5-10 times profit instead of 250% at the moment. If they rush, the price will be destroyed and they will get much less.

Pursuant to the Equity Fundraise, the Company will issue the Investors with certificates for the Prepaid Warrants and the Cash Warrants which are exercisable at a fixed price of 2p per warrant subject to the terms set out in the 31 January 2025 announcement. The Cash Warrants are exercisable for a period of six months from the date of grant and, if exercised, would bring in up to £10 million in additional gross proceeds to the Company.

While a company is under investigation and particularly if it is in suspension, it is generally expected to refrain from issuing financial updates or guidance to prevent potential market manipulation, insider trading, or to avoid prejudicing the investigation. This practice is a general rule to protect the integrity of the investigation and market fairness, especially when the company's financial health or future prospects are under scrutiny.

So it is not forbidden but refrain.

Probably for the voting for or against the confirmed offer.

Apart from M Partnership & 91, other hold well.

BlackRock, Inc. 35,087,282 5.07%

Sparta Capital Management Ltd 24,759,056 3.58%

Barclays PLC. 27,124,358 3.92%

Marathon Asset Management Limited 27,113,207 3.92%

SOCIETE GENERALE SA 21,844,786 3.16%

State Street Global Advisors & Affiliates 9,689,580 1.40%

FMR LLC / FIL Limited 65,355,734 9.44%

The Vanguard Group, Inc. 30,483,524 4.41%

Dimensional Fund Advisors Ltd 17,105,011 2.47%

M Partners Capital LLC 5,106,181 0.74% (May have been completely out)

JPMorgan Chase & Co. 40,416,025 5.84%

Total 43.21% excluding M Partners Capital LLC & 91

Will be brave or naive to keep short open into suspension.